The global metal stamping market is expected
to reach USD 299.6 billion by 2025, according to a new report by Grand View
Research, Inc. The increasing use of sheet metal in application industries such
as automotive, industrial machinery, and consumer electronics is expected to
drive industry growth.
Rising number of fabricators in
Asia Pacific region is expected to be a key driving factor for the industry.
The increasing R&D investment by companies to improve efficiency and
operational-ability of stamping machinery is expected to promote growth over
the forecast period.
Metal prices have seen constant
fluctuations in the past few decades. The growing demand from end-use
industries as well as economic growth and its subsequent decline has resulted
in volatility in the prices. However, the prices witnessed an overall downfall
in the recent past which is expected to aid the use of metal and stamping
processes.
The stamping industry is highly
competitive with a presence of companies catering to local as well as global
market. Players in the industry compete on the basis of service, customized
products and expertise in the manufacturing of stamped parts and sign a
long-term agreement with the OEMs to ensure constant demand.
Browse full research report on Global
Metal Stamping Market: http://www.grandviewresearch.com/industry-analysis/metal-stamping-market
Further key findings from the report suggest:
- Blanking is an integral part of the automobile manufacturing chain and is expected to witness significant growth in demand over the forecast period owing to its precise and superior blanking technologies introduced in the industry
- The use of laser embossing for engraving patterns and dates on automotive components and on license plates is expected to augment the demand for the process and is projected to account for 22.2% by 2025
- Metal stamping in automotive application to manufacture auto-body components such as tailgate, trunk lid, door, bonnet, and hood dominated the global market in 2016 and is expected to account for 33.2% of the overall revenue share in 2025
- Consumer electronics is expected grow at a CAGR of 6.0% over the forecast period on account of the growing utilization of lightweight metal parts to enhance impact resistance of electronic components
- Asia Pacific accounted for 34.8% of the overall revenue share in 2016 on account of the increased production of industrial machinery in Asian countries owing to favorable government initiatives to promote industrialization
- Companies such as Alcoa have goodwill in the industry; which provides them with the leverage over the local manufacturers and has the ability to cater to the bulk requirements of the major players from application industries
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented
the global metal stamping market on the basis of process, application and
region:
Metal Stamping Process Outlook (Revenue, USD Billion,
2014 - 2025)
- Blanking
- Embossing
- Bending
- Coining
- Flanging
- Others
Metal Stamping Application Outlook (Revenue, USD Billion,
2014 - 2025)
- Automotive
- Industrial Machinery
- Consumer Electronics
- Aerospace
- Electrical & Electronics
- Telecommunications
- Others
Metal Stamping Regional Outlook (Revenue, USD Billion,
2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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